Trulan Resources Inc (OTCMKTS:TRLR) Get Pumped Yet Again
If you read through our articles frequently, you will probably know that when we cover a pump, we often put in the chart of a previously failed pick to show you that when a penny stock gets promoted, things don’t usually go according to plan. We have often used Trulan Resources Inc (OTCMKTS:TRLR) as an example of failed pumps, not because we don’t like them, but because they have given us plenty of reasons to do so.
The chart illustrates rather well what we’re talking about and in an attempt to warn you of what was going to happen, we have published a number of articles, about TRLR and their pumps. After the campaigns from March and April failed miserably, we thought that the newsletters will stay away from TRLR at least for the time being, but we turned out to be wrong. There’s been quite a lot of mailing activity during the last couple of days and while the campaign doesn’t appear to be quite as big as the ones we’ve seen, the emails keep coming in as we speak with more and more promoters jumping in on the bandwagon. So, nothing new here, but have TRLR moved anywhere since the last time we wrote about them?
In terms of their financial situation, no, they haven’t. TRLR did publish their annual report at the beginning of April but, if anything, it looks even worse than the ones before it. Here’s a recap of the figures:
- cash: $523
- current assets: $523
- current liabilities: $53 thousand
- no revenue
- quarterly net loss: $38 thousand
Still, TRLR have some mining claims that they bought from the company CEO back in October in exchange for a whopping 320 million shares of common stock and if they turn out to be full of precious metals, TRLR could become really rich, right? Sure, but they will need to get the aforementioned metals out of the ground and we doubt that $523 in current assets will be enough. On the bright side, at the beginning of March they said that they have signed an agreement with a private investment group which will provide TRLR with a loan amounting to $1 million. Unfortunately, the press release doesn’t state the name of the group and the fact that TRLR are currently on the Pink Tier on the OTC Markets means that they are not forced to file official documents with the SEC which, in turn means that we’ll probably never know who will be the provider of the money.
But let’s get back to Mr. Robert Rosner, TRLR‘s CEO. As we mentioned, he is a majority shareholder and it would appear that his name is quite popular among CEO’s all over Pennyland. People that go by the exact same name appear to be at the helm of Lyynks Inc (OTCMKTS:LYYN) and Wataire International, Inc. (OTCMKTS:WTAR) as well as a company called Pinecrest Ventures, Inc.(PCVI) that is currently listed in the Grey Market tier on the OTC Markets. If this is indeed the same Robert Rosner, he must be very good at multitasking.
And while, we can’t be 100% sure that TRLR share their CEO, we can be certain that they do share their office space with a few other publicly traded companies. According to the official filings, TRLR‘s headquarters is situated at 2850 W. Horizon Ridge, Suite 200, Henderson, NV 89052 and the same address, down to the number of the suite, is found in the reports of at least three other companies: American Lithium Minerals Inc (OTCMKTS:AMLM), PrepaYd Inc. (PPDC) (whose shares got suspended by the SEC) and Rarus Technologies Inc (OTCMKTS:RARS).
When we saw the RARS ticker in the list we remembered that we covered them a couple of months ago when they were being pumped and we decided to see how they have bee getting on. Not surprisingly, the performance hasn’t been brilliant. When you consider all the past promotional failures for TRLR, the danger of them repeating the curve drawn by RARS is imminent.
